MIRA INFORM REPORT

 

 

Report Date :

21.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ELUMEN LIGHTING NETWORKS INC

 

 

Registered Office :

2500-1155 boul. René-Lévesque O, Montréal (Québec) H3B2K4,

 

 

Country :

Canada

 

 

Date of Incorporation :

14.01.2004

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

It specializes is a leading manufacturer of LED street, area and wall lighting.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 30,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Canada

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 1.00 USD = 1.02117 CAD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Legal Name:

ELUMEN LIGHTING NETWORKS INC

 

 

Legal Address

2500-1155 boul. René-Lévesque O, Montréal (Québec) H3B2K4, Canada

Operative Address

7451 Transcanada Hwy, Suite 100, St.-Laurent, QC H4T 13T, Canada (Headquarters)

Telephone:

+1 (514) 876-1010

ID :

1161970851

Fax:

+1 (514) 876-1010

Legal Form:

Corporation for Profit

Email:

info@elumen.ca

Registered in:

Canada

Website:

http://www.elumen.ca/

Date Created:

2003

Manager:

Louis Duguay, President

Date Incorporated:

January 14th 2004

Staff:

8

Stock:

NA

 

 

Value:

NA

Activity:

It specializes is a leading manufacturer of LED street, area and wall lighting.

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

BUSINESS

 

HISTORY

 

The company was created in 2003. It was formerly known as DC AVENIR, INC.

PRINCIPAL ACTIVITY

 

It designs, develops, manufactures and markets high performance, cutting edge LED based luminaires.

Products/Services description:

 

The company offers the following lighting products:

 

    Street & Area

        LED SL 33W

        LED-SL 50WX

        LED-SL 66W

        LED-SL 100WX

        LED-SL 100W

        LED-SL 150WX

    Solar

        LED-SL SMALL SOLAR

    Poles

    Wall Led

Sales are:

 

Wholesale

Clients:

 

Various Industries

Operations area:

 

National

The company export to United States, Mexico, the Caribbeans and China.

The subject employs 8 employee(s)

Comments on staff:

 

This information couldn't be confirmed with the staff.

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 7451 Transcanada Hwy, Suite 100, St.-Laurent, QC H4T 13T, Canada

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. The shareholders are Louis Duguay, Rachid Chaffaï and Kim Larsen.

 

Management:

 

Louis Duguay, President

Rachid Chaffaï, Vice President

Kim Larsen, Administrator

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

As a private company the subject does not publish any financial statements.

 

We have contacted a female representative who refused to provide us any financial data on grounds of confidentiality.

 

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

 

Currency

DATE

 

USD

2010

 

Turnover

2,073,540

 

The cash flow is

NORMAL

 

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

 Rating

 

Local credit bureau gave a Correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

The subject is a small sized Canadian company as it currently has a staff of 8 employees.

 

It started to operate in 2003. Therefore, it has more than 7 years of experience.

 

ELUMEN LIGHTING NETWORKS INC pioneered the launch of a portfolio of LED Street and Area lighting, applying environmental technologies.

 

The company is recognized for its environmental innovations, producing lights that are aimed at the right target without waste.

 

No specific adverse record has been found on the subject.

 

Credit line may be considered for USD 30,000-.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Comments

 

We have contacted a female representative at the company's and she refused to provide information on grounds of confidentiality.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.71

UK Pound

1

Rs.78.08

Euro

1

Rs.68.05

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.